Thompson's Station, TN Cost Of Living
Cost Of Living In Thompson's Station, TN Summary
Cost of living in Thompson's Station research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Thompson's Station is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Tennessee, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Thompson's Station is 122, with 100 being the average.
The cost of living index in Thompson's Station is 1.2x higher than the national average.
Thompson's Station ranks as the #102 cheapest in Tennessee out of 105.
Thompson's Station ranks as the #4,905 cheapest out of 6,412 in the US.
The median home value in Thompson's Station is $415,400.
The median income in Thompson's Station is $100,301.
Table Of Contents
Thompson's Station's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Thompson's Station, TN?
According to the most recent data on the cost of living, Thompson's Station has an overall cost of living index of 122, which is 1.2x higher than the national index of 100.
Compared to Tennessee, Thompson's Station has a cost of living index that's 1.4x higher than Tennessee's index of 90.
The standard of living in Thompson's Station ranks as #102 most affordable out of the 105 places we measured in Tennessee. By definition, that implies Thompson's Station ranks as the #3 most expensive place in the Volunteer State.
For more reading on life in Thompson's Station, check out:
- Living In Thompson's Station
- Search Homes For Sale In Thompson's Station, TN
In Tennessee
In America
Thompson's Station Cost Of Living Vs. Tennessee
Six factors go into calculating the cost of living index in Thompson's Station. Here is how it fairs on each of the criteria:
The Services index in Thompson's Station is 102.
The Groceries index in Thompson's Station is 98.
The Health index in Thompson's Station is 96.
The Housing index in Thompson's Station is 178.
The Transportation index in Thompson's Station is 98.
The Utilities index in Thompson's Station is 94.
| Living Expense | Thompson's Station | Tennessee | National Average | |
|---|---|---|---|---|
| Overall | 122 | 90 | 100 | |
| Services | 102 | 93 | 100 | |
| Groceries | 98 | 96 | 100 | |
| Health | 96 | 88 | 100 | |
| Housing | 178 | 82 | 100 | |
| Transportation | 98 | 90 | 100 | |
| Utilities | 94 | 93 | 100 | |
Thompson's Station, TN Housing Cost Breakdown
Housing swings affordability the most between places in Tennessee, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Thompson's Station is $415,400.
The Median Rent in Thompson's Station is $1,759.
The Median Income in Thompson's Station is $100,301.
The Home Value To Income in Thompson's Station is 4.1x.
The Rent To Monthly Income in Thompson's Station is 0.21x.
| Statistic | Thompson's Station | Tennessee | United States |
|---|---|---|---|
| Median Home Value | $415,400 | $193,700 | $244,900 |
| Median Rent | $1,759 | $951 | $1,163 |
| Median Income | $100,301 | $58,516 | $69,021 |
| Home Value To Income | 4.1x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Thompson's Station, TN Costs By Category
Detailed Thompson's Station Services Costs Vs. Tennessee
| Item | Thompson's Station | Tennessee |
|---|---|---|
| Shampoo | $1.08 | $1.06 |
| Movie | $9.97 | $10.68 |
| Bowling | $19.17 | $14.67 |
| Haircut | $18.67 | $18.62 |
| Beauty Salon | $33.33 | $39.05 |
Detailed Thompson's Station Groceries Costs Vs. Tennessee
| Item | Thompson's Station | Tennessee |
|---|---|---|
| Ground Beef | $5.09 | $4.22 |
| Fried Chicken | $1.45 | $1.39 |
| Milk | $1.62 | $2.05 |
| Potatoes | $2.86 | $3.29 |
| Pizza | $11.32 | $10.62 |
| Beer | $9.1 | $9.38 |
| Toothpaste | $2.2 | $2.34 |
Detailed Thompson's Station Health Costs Vs. Tennessee
| Item | Thompson's Station | Tennessee |
|---|---|---|
| Optometrist | $109.44 | $108.57 |
| Doctor | $112.22 | $116.17 |
| Dentist | $100.06 | $99.13 |
Detailed Thompson's Station Transportation Costs Vs. Tennessee
| Item | Thompson's Station | Tennessee |
|---|---|---|
| Gasoline | $2.06 | $2.22 |
| Tire Balancing | $51.41 | $50.07 |
Detailed Thompson's Station Utilities Costs Vs. Tennessee
| Item | Thompson's Station | Tennessee |
|---|---|---|
| All Electricity | $156.41 | $167.67 |
| Phone | $181.81 | $175.64 |
Thompson's Station SnackAbility
/10
Cost Of Living In Cities Around Thompson's Station
The cost of living varies in the cities and towns around Thompson's Station. Here's a quick look at the cost of living in the most populous nearby places:
Franklin, TN has a cost of living index of 118, 1.0x Thompson's Station.
Spring Hill, TN has a cost of living index of 106, 0.9x Thompson's Station.
Brentwood, TN has a cost of living index of 150, 1.2x Thompson's Station.
| City | Population | Cost Of Living | Vs. Thompson's Station |
|---|---|---|---|
| Franklin, TN | 81,531 | 118 | 1.0x |
| Spring Hill, TN | 48,403 | 106 | 0.9x |
| Brentwood, TN | 44,354 | 150 | 1.2x |
| Columbia, TN | 40,957 | 93 | 0.8x |
| Nolensville, TN | 13,393 | 123 | 1.0x |
| Fairview, TN | 9,299 | 97 | 0.8x |
